How can I start building a capsule wardrobe?

I’ve been hearing a lot about capsule wardrobes lately and how they can make getting dressed easier. The idea of having a collection of versatile pieces that can be mixed and matched really appeals to me, especially since I lean towards an edgy monochrome style. But I’m a bit lost on where to begin and what items actually define a capsule wardrobe.

It seems like everyone has different opinions on the number of pieces and types of clothing to include. Since I’m all about finding affordable options that look high-end, I wonder how I can incorporate that into my capsule wardrobe without going over budget.

Have any of you successfully created a capsule wardrobe? What are your essential items, and how did you choose which pieces to include? Also, do you have any tips for maintaining a seasonal color palette while keeping things edgy?